• Understand the business and financial risks in Engineering insurance
• Develop a structured approach to identify key risks involved in a transaction with Engineering insurance companies
• Develop awareness of the changes in the insurance industry
• Apply the main methods of capital-raising by insurers

The course will utilize lectures with presentations and interactive class discussion. Trainees will also be encouraged to brainstorm ideas during seat works/activities.

• Contractors All Risks (C.A.R.) Policy
• Marine-Cum-Erection (MCE) Policy
• Machinery loss of Profits (MLOP) Policy
• Advance Loss of Profits (Alop) Polocy
• Electronic Equipment Policy
• Engineering insurance Policies (Special Clauses, Add On Covers, General Exclusions)
• Conditions and Warranties
• Building, Construction, Occupation
• Essential aspects of Fire Underwriting
• Proposal Form, Schedule, Policy and Renewal Notice
• Fixation of Sum Insured, RIV & Market Value determination
• Rates, Discounts & Deductibles and their pattern
• Operational Insurance Coverage
• Exclusions and Claims
• Machinery Insurance including MLOP
• Boiler Insurance
• Electronic Equipment Insurance
• Market Oil & Energy Pool
• Rating in Engineering Insurance (particularly its adequacy) – during Tariff regime as well as during Tariff-free regime
• Underwriting Experience of Engineering Insurance portfolios – during Tariff regime as well as during Tariff-free regime
• Fire Risk Inspection & Assessment Report
• Fire Loss prevention & Fire Extinguishing Appliances
• Fire (Consequential Loss) Insurance
• Scope and coverage Fire (CL) Policy